Assume that in Figure 10.2 AVCmin is less than P3. Which of the following statements best describes the course of action the firm should take? Figure 10.2 Graph-There are five curves on the graph; MC and AC, and three horizontal demand curves D1, D2, and D3; at D1 price equals P1, at D2 price equals P2, at D3 price equals P3; AC dips below demand curve D1 and is tangent to demand curve D2; demand curve D3 is below AC at all levels of output; quantity Q1 occurs where the downward sloping portion of AC intersects demand curve D1; quantity Q2 occurs where MC intersects demand curve D3; quantity Q3 occurs where MC intersects AC at the lowest point of AC; quantity Q4 occurs where MC intersects demand curve D1; quantity Q5 occurs where the upward sloping portion of AC intersects demand curve D1 Assume that in Figure 10.2 AVCmin is less than P3. Which of the following statements best describes the course of action the firm should take? At price P3 the firm can shut down but it can also produce. The firm will shut down at some price below price P3. The firm will shut down at a